Bitcoin prediction from 'Experts'

[Yeahpro]

I came upon this article, and the so called experts weigh in on the current price dip and why they believe Bitcoin would reach $3000.

I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays;

"BTC constantly drops 80 or 90% to make sure people know what they’re doing, that they understand why they’re in BTC. And I think there are so many big buyers of Bitcoin and they weren’t buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors"

The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology,
Of course we all invest for profit.
But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space.

What do you think?
What's the support you envision?
Could there be a silver lining in all these?

[Iwillgotothemoon]

expert? Who is an expert? Anyone can become an expert, just free to post some so-called predictions.
It is precisely these so-called experts are constantly creating various FUDs that seriously disrupt the market. They sometimes blindly advocate the great interests of Bitcoin, and sometimes advocate bitcoin death theory to create panic. I have had enough of the so-called experts.
I want to say to any expert: Roll away, we don’t need you！

[Peacemaker1994]

Firstly they has already been a whole lot of expert views and analyses concerning bitcoin and it's future some has been negative while some has been positive. But I have come to the realization that this a just speculation and might turn out to be wrong

[project_delta]

I came upon this article, and the so called experts weigh in on the current price dip and why they believe Bitcoin would reach $3000.

I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays;

"BTC constantly drops 80 or 90% to make sure people know what they’re doing, that they understand why they’re in BTC. And I think there are so many big buyers of Bitcoin and they weren’t buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors"

The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology,
Of course we all invest for profit.
But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space.

What do you think?
What's the support you envision?
Could there be a silver lining in all these?

I was on his side (I might still am) before the recent price drop. I just don't know how to be optimistic any more
The thing with this is though, I have always been vocal about the biggest thing that bitcoin needs i.e. Acceptance. The ones who were here for profit were at least here, accepting it, promoting it organically.

[dfox101]

Those experts are so wrong in the past, and there's no reason to believe them again.

[Marcel666]

What do you think?
What's the support you envision?
Could there be a silver lining in all these?

I never get information from one source, I combine the opinions of others, with available facts and analysis to reach a suitable conclusion.
While we should never follow suggestions of others, it should not be simply disregarded as well.

I think the price would hold out above the $4000 mark, at least till the year runs out.

The price drop could cause a shake out,  which would further rid us of weak hands and those who are succumb easily to market movements, and panic. That's cold comfort though in this current situatiom

[Darker45]

The truth is that experts do not agree with their speculations most of the time. On the contrary, they are inconsistent and oppose each other. Second, they are not infallible. Let us all see and wait.

[Marshall14]

Just as the posters above me have all stated,we really cannot hold on to what anyone says,be it a sort called acclaimed expert predictor or whatever..
If you're going to sell,do so because your heart feels it's right,and cos you wanna cut down possible loss
If you are gonna hodl,do so because you feel it's the right thing to do at the moment...
That's my own honest suggestion

[taratorly]

Bitcoin may decrease $ 3000. But so many people making prediction about Bitcoin price. But most of them is garbage. So I can not trust prediction.

[BrewMaster]

"BTC constantly drops 80 or 90% "

they either don't know the meaning of "constantly" or they are idiots who think by spreading bullshit they can increase the size of the dip so they shorts can become profitable.

[Dreamace7]

Yes I think the price of bitcoin would continue to drop Eben with the coming days the previous major falls before this one has seen bitcoin rise not to long but this is different i feel this would take time before bitcoin recover

[Twentyonepaylots]

Firstly they has already been a whole lot of expert views and analyses concerning bitcoin and it's future some has been negative while some has been positive. But I have come to the realization that this a just speculation and might turn out to be wrong

   A lot of speculation from experts are now available on the social, broadcast media. We heard  a lot of negative news as posted, But, one should remember the Market is Volatile, it is  unpredictable, no one knows on what will happen in the crypto market, all investor's knew the risk involved in the market, what had happen recently had already happened before, please review the  the market history. i am still believe that market correction will follow after such market drops.

[qwk]

Who is an expert?

I'm an expert.
I won't tell you the topic of my expertise, though

[Mhd-Bobbi]

expert? Who is an expert? Anyone can become an expert, just free to post some so-called predictions.
It is precisely these so-called experts are constantly creating various FUDs that seriously disrupt the market. They sometimes blindly advocate the great interests of Bitcoin, and sometimes advocate bitcoin death theory to create panic. I have had enough of the so-called experts.
I want to say to any expert: Roll away, we don’t need you！

I also did not understand what was meant by the experts, so many claimed to be experts, so many felt panicked.
I also often hear them say that this is the end of Bitcoin travel, by hearing those words, many feel confused and panicked, but I don't see what the basis of their research source is, I think it's just a joke.

[tomahawk9]

A lot of experts predicted a reversal prior to the drop, saying that towards the end of the year the price was going to recover...what happened? A big drop came out of nowhere, that's what happened. So, how are people supposed to believe in these pseudo experts when they always get things wrong? People shouldn't follow whatever bullcrap prediction these guys say, we're in the accumulation phase, if you want to buy now, then do it, follow your gut or do your own research, don't depend on external factors.

[Dudeperfect]

Well, everyone agrees with the fact that the market is undervalued at this point but things will eventually improve over the period of time and we will see the bull run in the market. However, newbies are getting themselves under the fear of missing out and making decisions with the panic mindset. While big whales and institutional investors are acquiring higher units at a lower possible rate as it will reduce their average acquisition cost.

[demenBTC]

Those experts are so wrong in the past, and there's no reason to believe them again.

right, crypto experts have become a frightening figure for the survival of crypto itself, it has been proven that they have failed to predict what will happen and we don't need it anymore

[veleten]

if you check al the predictions from the experts during the past 2-3 years
you would see that 99.9% of them were as far from the reality as possible
always use "qui bono" principle- when you read an article saying bitcoin will cost xxxxx $ in 2019 or 2018 or whenever
people who have nothing better to do is another big category they either get paid for  churning articles like that
or just blabber at some conferences to kill time and sell themselves as experts
but there are also people who are trying to influence the market with their statements, these are the ones with the most outlandish predictons:
100.000$ by the end of 2018 or bitcoin will fall to 1.500$ is their doing

[PsylockReborn]

I came upon this article, and the so called experts weigh in on the current price dip and why they believe Bitcoin would reach $3000.

I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays;

"BTC constantly drops 80 or 90% to make sure people know what they’re doing, that they understand why they’re in BTC. And I think there are so many big buyers of Bitcoin and they weren’t buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors"

The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology,
Of course we all invest for profit.
But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space.

What do you think?
What's the support you envision?
Could there be a silver lining in all these?

People who wants to introduce their new technology really wants bitcoin to go down. They really wanted to replace bitcoin as the number one crypto. I know bitcoin has some flaws but as what I've noticed with new ICOs and projects that are evolving into crypto space almost everyday are purely real joke. There are so many shitcoins want to profit from people who has less knowledge about the technology.

There are so many haters of bitcoin. They are really doing their best to let it down and spread FUD online just to make it worthless. Real supporters of bitcoin won't be tilted. This will surely pass and bitcoin's value will bounce back again.

[aad140386]

Certainly such drops as the one that is now, and those that were previously do not add to the attractiveness of Bitcoin. A currency that falls 80% of its value cannot be considered a reliable asset. If the dollar fell by 80% in relation to other currencies, people would simply stop trusting him. For millions of people to believe in Bitcoin, its course must be stable. Greater volatility of the course may please speculators and traders, but not ordinary investors.